A Made in China Global Depression?

I shivered as I typed the title of this blog posting.

Give this posting at Prudent Bear a read, Why A Chinese Monetary Tightening Could Be Followed by a Global Depression

Mr.Thomas Au made the following bold prediction!

• I believe that China is setting a massive tightening of the global money supply in progress, and that this tightening could soon be followed by a global depression. Either event may happen or ultimately fail to happen. But in either case, it is basically out of America’s control. Like a lot of other goods that Americans now import, the modern 1929 (or a somewhat better outcome), will have been “Made in China.”

Made In China!

WOW!